I am a little new to this years end accounting.
I am trying to figure profit margins month by month but this is what I am confused on...
If we receive a bill in January and I post it as a bill in QuickBooks but the bill is not paid until February would the said bill be figured as an expense for the January margin or the February margin?
Thanks!
I am trying to figure profit margins month by month but this is what I am confused on...
If we receive a bill in January and I post it as a bill in QuickBooks but the bill is not paid until February would the said bill be figured as an expense for the January margin or the February margin?
Thanks!